CIT's Revision u/s 263 Challenged: No Full-Time Requirement for Working Partners in Assessee Firm.

Revision u/s 263 by CIT - remuneration paid to its working partners - such partners of the assessee firm is engaged in full time teaching profession - there is no bar under the law that the working partner should be full time working partner - initiation of proceedings u/s 263 is not valid on this count. - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X